Yes Karl and Rita, I would buy sight unseen. I would be doing every piece of research I could on the city or town I could find (google.com.au). I would compare other properties. I would ring up local RE’s and ask all manner of questions about areas in that locality. As Monopoly said, get lots of pics of the property. It does help if you have…[Read more]

westan )

I copmpletely agree that we should have a pension- absolutely! My query was about the use of that statistic. It’s derived from the 1996 census, and I think people should be updating their data. I do know that those kind of statistics have been used to scare people into get rich quick programs.

Well, if a job is all about prostitution,…[Read more]

Ablaz,

Yes, those articles can be depressing, for sure. I remember reading about stuff like that over the years, and particularly when I first started reading about it, I became quite down and felt powerless.

With regards to RE, I wrangled with the ethics of it all about a decade ago. I figure if I can charge reasonable rents, do the right thing…[Read more]

Oops, Karl and Rita- in answer to your Q, as others have said, it doesn’t meet the 11 second rule/guideline thing, but if it suits *you*, and you think it’s a good deal, then go for it!!! I personally think the rental is good relative to the price. But there’s so much more to consider- the location, population, employment, age of the house,…[Read more]

Yes Ma’am, I pay 8%. That means I pay a total of $16.00 a week for an onsight Manager. Before my new teant came in, my OM came into my place and painted a wall for me- for nix- and without me asking, because the previous owner did a dodgy job, and the OM didn’t like it.

$16.00 a week to have someone keep the complex absolutely immaculate is not…[Read more]

How can you tell if someone is checking your profile? Didn’t know we had that function? And people check others’ profiles all the time. Sometimes you might like what someone has to say so you check out what ELSE they’ve said elsewhere.

So how do you find out if someone’s been looking at your profile?

kay henry

ezy, it’s fine, and the topic came up within a topic, so it’s not really off-topic I have no doubt sexism still exists within RE, so probably, does racism, and so probably does ageism- as in, people getting treated worse because they are older (or younger!) and not taken seriously. It’s good you’ve mentioned it- a reminder that we still need to…[Read more]

Rob,

I haven’t noticed anyone particularly being angry towards you, but if they have been… well, welcome to any internet discussion forum!! As investors, people are passionate, and they sometimes vehemently disagree with the opinions of others – particularly about strategies or perspectives. Some will say “I don’t agree” some will say “That’s…[Read more]

Scremin,

To be frank, I had a rather large night on Thursday night, and now, my body and mind are screaming for me to be good, healthy, and domestic. So i am trying to be all good )

kay henry

Scremin [evo]

kay henry

Pisces,

There are princesses everywhere- some of them just don’t have a title [inlove]

Scremin, what dinner table does farting and burping go down well in?

kay henry

Jambro, any of these properties that are for sale for unpaid rates or are mortgageee sales, have to be sold for market value or as close as they can get to it anyway. It’s not like they will sell it for whatever is owed on the property these days.

kay henry

Kylie,

Justto provide an alternative perspective here, you said:

“Noone in my circle of influence is involved with IP’s at all. They are all happy to work in a job and rely on their “super”, this is not acceptable for me or I imagine many of you.”

I do know many on this forum board wish to resign from their jobs and retire early. But you can…[Read more]

Me too Jo. I like taking risks on other areas of lifestyle- give me a 10 on that score. But when it comes to money, well, I don’t want to end up a bag lady, so I am not sure it’s good to risk it all on red or black.

kay henry

Mandi,

As others have already said, you are not taxed at 47 cents in the dollar except when your income reaches the highest level in that bracket. So you would only be taxed at that rate for each dollar you earn oer 62k. also check the new levels since the Budget was brought down.

It’s a myth that each second job is taxed at 50 cents in the…[Read more]

Congrats Mel, your posts are always awesome! And thanks for the congrats to me too. I’ve written some words to you below in white, to match your dog’s body- hope you can see them:

kay henry

One of the great things about a chat room would be being able to see a person who has specified knowledge and actually having a conversation with them and being able to ask them questions and have them answered. Messaging is useful, but it still doesn’t have the immediacy of chat. So you see a QS or a Mortgage broker or someone who’s doing what…[Read more]

Hello Mr sis

WEll, I would put myself as about a 6 these days. A while ago, I would have been a 3, and before that, I had the nerves of a complete chicken (now, I’m like a genetically-engineered chicken (full of hormones, oversized, but still a chicken). I still want to keep my LVR at 70%. I have no emergency fund (wouldn’t that be going into…[Read more]

ezy- does this REALLY happen much nowadays?

You said:

“as there are a few women first timers .don’t tell me they don’t find problems . when the loans manager pats them on the hand and say’s “ok we will look at this proposal get your husband to come in and we can have a talk”

In 2004, banks know that women have an understanding of finances, and…[Read more]

Gatsby, I guess the changes of the No-Fault Divorce Law that came about in 1972 or 1975 or whenever it was, mean that the messiness of divorce – at least in a financial sense- isn’t judged by the courts (and let’s face it- there can be a lot of bad stuff that goes down- otherwise if it was all rosy, people would probably stay together). So I think…[Read more]